200 (after six hours of delay) 50 (after six hours of delay) Overall section limit: 5,000 Limit for watches, jewellery or valuables: 500 in total Limit for laptop: 1,000 Limit for other items: 500 for each item, set or pair Overall section limit: 3,000 Limit for watches, jewellery or valuables: 200 in total Limit for laptop: 1,000 Limit for other items: 500 for each item, set or pair 250 5,000 3,000

Section 11 Section 12 Section 13

Losing money Losing travel documents Personal accident 1 Adult 70 years old or over 2 Adult under 70 years old 3 Child Or Public transport double cover for accidental death 1 Adult 70 years old or over 2 Adult under 70 years old 3 Child

Scale of compensation Percentage of sum insured a Accidental death 100% b Permanent total disability 100% c Losing two or more limbs 100% d Losing sight in both eyes 100% e Losing one limb 50% f Losing sight in one eye 50% g Losing speech 50% h Losing hearing 50% The total compensation from a to h will not be more than the maximum benefit limit.

Section 14

Medical expenses overseas 1 2 3 Adult 70 years old or over Adult under 70 years old Child

Sending you home 1 2 3 Adult 70 years old or over Adult under 70 years old Child Does not apply Unlimited Unlimited 10,000 5,000 (200 for every 24 hours) 150 5,000 Limit per item: $500 for each item, set or pair See section 14 50,000 50,000 5,000 3,000 (100 for every 24 hours) 100 3,000 Limit per item: $500 for each item, set or pair 500,000 1,500

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...﻿
F – 210
Insurance and Risk Management
A report on
Accident Insurance in Green Delta Insurance Company Ltd. & American Life Insurance Company Ltd.
University of Dhaka
Topic
Accident Insurance in Green Delta Insurance
Company Limited and American Life Insurance Company Limited
Submitted to
Pallabi Siddiqua
Assistant Professor
Department of Finance
Faculty of Business Studies
University of Dhaka
Submitted By
Group 01
Section – A
18th Batch­­
Department of Finance
University of Dhaka
Submission
Date
February 17, 2014
Group List
Letter of Transmittal
February 17, 2014 Ms. Pallabi Siddiqua Assistant Professor Department Of Finance University of Dhaka
Dear Madam,
Here is the report on “Accident Insurance in Green Delta Insurance Company Limited and American Life Insurance Company Limited” which you had asked us to prepare. The assignment was assigned to us as a compulsory requirement of your Course (F-210, Insurance and Risk Management, in the second semester of our second year). The date of submission was February 17, 2014 and the deadline was met.
While working on this report we have had several brainstorming sessions, study of relevant...

...If you are thinking of heading off for a vacation, business or studies abroad and are confused whether to buy travelinsurance or not, you have reached the right page.What is travelinsurance and is it really a necessity while travelling abroad? What are the necessary terms and conditions and what are the benefits and exclusions? Read on to find out all you ever wanted to know.
Travelinsurance covers you against unforeseen events which can occur when travelling abroad. It could be as small and minor as catching a bug or a delay in flight, or could be as major as a hijack or an emergency medical assistance required. These hassles can not only take toll on your wallet, but also disrupt your travel plan. It is always good to be insured when travelling abroad since it allows you to be on the safe side in the event of a mishap and thus, you can concentrate more on your important dealings. Injury or illness, when travelling abroad, can affect anyone of us, irrespective of our age, profession and reason and duration of our visit.
Travelinsurance includes the following:
*
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...pattern is whether an insurance company was justified in relying on the misrepresentation made by the insurance applicant in their application for insurance that their forty-eight-room lodging house in Worcester, MASS was protected by sprinklers, despite an earlier report in the insurer's file indicating the absence of sprinklers.
Rule of Law:
The Massachusetts General Laws Chapter 175, §186 (Mass. Gen. Laws ch. 175, §186) states in relevant part:
No oral or written misrepresentation or warranty made in the
negotiation of a policy of insurance by the insured or on his
behalf shall be deemed material or defeat or avoid the policy
or prevent its attaching unless such misrepresentation or warranty
is made with actual intent to deceive, or unless the matter misrepresented
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Clarkson, Miller, and Cross (2012) clarified the MASS statute by pointing out that “...an insurance applicant is bound by any false statements that appear in the application...” (p. 1002). the authors go further to note that “...Because the insurance company evaluates the risk based on the information included in the insurance application, misstatements or misrepresentation can void a policy, especially if the insurance company can show that it would not have extended...

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...﻿Introduction
“Insurance is a way of protecting against these financial losses”.
“General insurance or non-life insurancepolicies, including automobile and homeowners
Policies provide payments depending on the loss from a particular financial event”.
Anyone who owns an asset can buy insurance to protect it against losses due to fire or theft
And so on. Each one of us can insure our and our dependents’ health and well being through
hospitalization and personal accident policies.
In this report we tried to show that how general insurance business operates in Bangladesh &
how important it is for economy & what types of problem it faces in our country.
Objective of the Study
Primary objective
The main objective of the study is to know how the insurance business works in our country.
Secondary objective:
The case study has the following objectives:
To know about the insurance company (Based on three insurance companies.)
To know about general insurance & its classification.
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“ aide memoire “.
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From earliest times society sought ways to soften the shocks of existence. Our ancestors quickly learned that no individual could go it alone. That only by pooling the resources of the many could the unfortunate few be helped.
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Disclosure
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